Motilal Oswal Financial Services (MOFSL) has announced its financial results for the quarter and year ended March 31, 2026. The company achieved its highest-ever annual operating profit of ₹2,360 crore, representing a 16% YoY growth. Quarterly performance remained robust, with a 25% YoY increase in operating profit to ₹661 crore. This growth was primarily driven by strong performances in the company’s Asset and Private Wealth Management divisions.
Financial Performance Highlights
For the financial year ended March 31, 2026, Motilal Oswal Financial Services demonstrated consistent financial strength. The company reported a total operating profit of ₹2,360 crore, marking a significant 16% growth compared to the previous fiscal year. In the final quarter (Q4FY26), the company recorded an operating profit of ₹661 crore, showing a 25% year-on-year growth, reflecting strong operational momentum as it entered the new financial year.
Segmental Growth Drivers
The company’s growth was underpinned by a diverse and robust performance across its business segments:
- Asset and Private Wealth Management: This segment continues to be a primary growth engine, with the Asset Management division delivering a strong PAT of ₹798 crore for the year. Total AUM surged by 32% YoY to ₹1.76 lakh crore, supported by mutual fund growth and strong SIP inflows.
- Wealth Management: The segment showed resilience, with a focus on annuity revenue, which now constitutes 64% of annual recurring revenue.
- Capital Markets: PAT for this division grew by 30% YoY to ₹336 crore, maintaining its leadership in equity capital markets.
- Housing Finance: The division reported a 22% YoY profit growth to ₹159 crore, bolstered by a $100 million funding line from the Asian Development Bank.
Strategic Outlook
The company remains the largest integrated capital market player in India. Its 10-year track record of a 33% Operating PAT CAGR and an average ROE of 23% underscores its commitment to internal accrual-based growth. By capitalizing on the financialization of savings and the expansion of India’s wealth, Motilal Oswal is strategically positioned to maintain its trajectory through its focus on annuity-based revenue streams and comprehensive service offerings.
Source: BSE
